What is an Accelerated Death Benefit

In a life insurance policy you will often find that the plan offers to provide a portion of the death benefit to the person insured while they are still alive.

Most often the insurance company will require a doctors assessment that the insured has a  life expectancy of 12 months or less.

Usually the policy will pay 50% of the death benefit and the balance paid to the beneficiaries after the death of the insured.

Sometimes called an Accelerated Life Benefit.

If  an insured person has a serious condition and a limited  life expectancy, but not short enough to qualify for this early payout from the policy, the family may look into selling the policy as a
 Viatical or Life Insurance Settlement transaction.
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